This course will provide the insights and tools to smoothly implement the revisions to OMB’s Uniform Grant Guidance (2 CFR 200), especially emphasizing the revisions that apply to recipients and for-profits.
From it, you will also appreciate the flexibility given to local entities under the anticipated Locally-Led Development and Humanitarian Response Act.
• Background and Purpose of Revisions to OMB’s Uniform Grant Guidance
• Title 2 CFR Parts Revisions - UEI/SAM Registration, Reporting Subaward and Executive Pay, Trafficking in Persons, Debarment and Suspension, Buy America Preferences
• Revised Definitions – Increased Threshold for Equipment and Inclusion of Computing Devices and IT Systems, MTDC, Intangible Property and Subaward
• General Provisions - Applicability, Effective Dates, Use of and Documents in Local Language, Suspensions, Mandatory Disclosures
• Pre-Award Revisions – Entitlement to Unexpended Funds under Fixed Amount Awards, New Evaluations of Applicant’s Cybersecurity Risk
• Post-Award – Treatment of “Voluntary Uncommitted Cost Sharing,” Use of Program Income for Closeouts, Allows One-Time Extensions, Revised Procurement Standards, Limits Agency Flexibility for Terminations
• Cost Principles Revisions – Eliminates 9 Prior Approvals, New 15% De Minimis Rate, Direct Charging for Cybersecurity and Program Evaluation Costs, Treatment of IT Costs and Unused PTO, Allowability of Increases in Currency Exchange Rates, Expanded OIG Employee Interviews, Charging Post-Period Administrative Closeout Costs to Awards
• Audits and Appendices – Increase in Audit Threshold, Compliance Testing, New NOFO Format, Auditability of De Minimis Rate, Fixed Amount Award and Fixed Price Contract
• Legislative History and Purposes of the Act: Increased Funding and Reduced Burdens on
Local Entities with USAID Awards
• Additional USAID Provisions: Diversity of Award Types, Delays in SAM Registration,
Mandates Full Cost Recovery, De Minimis Rate for Acquisition, NICRAs for Local
Entities with Mission Awards, Permits Use of National or International GAAP, Set Asides
for Mission Awards Up to $25 Million
Doug Franke, CPA, Managing Director of SustainAbility Solutions Africa and previously a Partner with PwC. He has conducted over 150 training courses for thousands of USAID- and CDC-recipient financial and technical staff across Africa, Europe and in Asia.
To receive CPE credits, a participant must attend both days. 8 NASBA CPE Credit hours will be awarded as Accounting (Governmental).
Any questions, please send to : rose.whelan@sustainabilitysolutions.cpa
Meeting link details and course materials will be provided via email prior to the event.
8:00am to 12:30 pm US EDT
SustainAbility Solutions PC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website:
www.nasbaregistry.org
